Why NRIs Should Invest in Bajaj Finance Fixed Deposit?Banking Info

Indians abroad who want to open a savings account or a fixed deposit account in India cannot open standard savings account like Indian residents. In case you opened savings account India before moving to a foreign country, you need to convert it to a Non-Resident External (NRE) accounts or Non-Resident Ordinary (NRO) account.

Financial Services company Bajaj Finserv, in a bid to cater to the Indian diaspora, has come up with a new strategy. Through its lending and investment arm, the company is offering NRI fixed deposit enabling them to benefit from high returns up to 8.5 percent.